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Spenders are Spending: U.S. Retail Sales are on the Upswing
Posted
November 16, 2021
Views
695
Likes
5
Comments
4
Engagement
1.29%
November 16, 2021
695
5
4
1.29%
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10:28Now PlayingGovernment data show the value of retail purchases increased 1.7% in October. That's the biggest gain since March and marks a pickup from the 8 tenths of 1% gain in the previous month.
Elevated savings and rising wages for many households are supporting the spending. Anjee Solanki, National Director of Retail Sales for Colliers spoke with Quicktake's Scarlet Fu about the latest retail sales report.
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